Entering home mortgage interest and other information from Form 1098 in Lacerte

This article will help you enter information received on a 1098.

Future changes for tax year 2026

For tax years beginning after December 31, 2025, the One Big Beautiful Bill act will make changes to the make the Deduction for Mortgage Interest by making the $750,000 acquisition indebtedness limit permanent and eliminating the the previous treatment of mortgage insurance premiums as deductible interest. These changes will go into effect in tax year 2026.

Table of contents:

Entering home mortgage interest information from Form 1098, box 1 and 2

1. Go to Screen 25, Itemized Deductions.
2. From the left sections, select Interest.
3. In the Home mortgage interest & points on Form 1098 [A] (Ctrl+E) field hold down Ctrl and press E.
4. In the table, enter the Description and Amount.
5. Select OK once complete.

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Entering information from Form 1098, box 3 as other income

1. Go to Screen 14.1, SS Benefits, Alimony, Miscellaneous Income.
2. Scroll down to the Alimony and Other Income section.
3. Hold down Ctrl+E in, Other income.
4. Enter a Description.
5. Enter the Amount.
6. Select OK on the Other income detail window once complete.

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Entering information from Form 1098, box 4

Starting in tax year 2022 you can no longer deduct Qualified Mortgage Insurance Premiums on the Schedule A. The steps below will apply to tax year 2021 and prior

1. Go to Screen 25, Itemized Deductions.
2. From the left section select Interest.
3. Enter the amount in, Qualified mortgage insurance premiums paid on post 12/31/06 contracts.

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Related topics:

• Amortization of Mortgage Points for Schedule A Itemized Deductions
• IRS Pub. 936